Recession

Saturday, Apr 20, 2024 | Last Update : 08:55 PM IST

India's factory activity grows for first time in five months in August. (PTI Photo)

After five-month gap, manufacturing activity gains momentum in August

Although input prices rose at the sharpest pace in nearly two years, firms have cut prices of their goods for four months to boost demand

01 Sep 2020 2:40 PM

Britain’s Finance minister Rishi Sunak said that hundreds of thousands of people have already lost their jobs, and sadly in the coming months many more will. (AP Photo)

UK economy slips into recession with record 20.4% contraction, job loss fears mount

Today’s figures confirm that hard times are here, finance minister Rishi Sunak said

12 Aug 2020 4:28 PM

US is expected to report a record-breaking economic plunge. (AP Photo)

US expected to report record-breaking economic fall

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter

30 Jul 2020 4:07 PM

India's economic outlook has worsened again as business activity slows and COVID-19 infections soar. (PTI Photo)

India's economic recovery at risk as COVID-19 surges, dull outlook deepens: Report

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

30 Jul 2020 1:28 PM

Global economy to plunge into worst recession since WW-II, says World Bank. (AFP Photo)

World Bank says global economy to shrink 5.2%, worst recession since WWI

Per capita incomes are expected to decline by 3.6 per cent, which will tip millions of people into extreme poverty this year

09 Jun 2020 11:06 AM

US economy entered recession in February

US gross domestic product fell at a 4.8% annualized rate in the first three months of the year

09 Jun 2020 8:48 AM

Japan still in recession, but economy shrank at lower rate. (AFP Photo)

Japan's economy shrinks less than initial estimate but still in recession

Export-dependent Japan's economy had contracted at an annual rate of 7.2% in the October-December period

08 Jun 2020 9:32 AM

US job losses in May could raise 3-month total to 30 million

Since mid-March, more than 40 million Americans have applied for unemployment benefits

04 Jun 2020 10:10 AM

People queue outside a benefits payment center in Sydney. (AFP Photo)

Australia's economy shrinks in first quarter, headed for first recession in 30 years

The central bank stepped in by cutting the cash rate to a record low 0.25% and launching an unlimited bond buying programme

03 Jun 2020 8:59 AM

Commuters crowd Cadorna train station in Milan, Italy. (AP Photo)

Italy slips into great recession since World War II

Business confidence in the eurozone's third largest economy in May plummeted to its lowest level

30 May 2020 10:03 AM

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore’s economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM

Japan's exports plunged nearly 22 per cent in Apri. (AFP)

Recession-hit Japan's exports, imports fall due to pandemic

The drop in exports is the worst since the 2008 financial crisis, as export-dependent Japan struggles to juggle the health risks of COVID-19

21 May 2020 10:22 AM

Japan slips into recession, worst yet to come as pandemic wreaks havoc. (AFP Photo)

Japan slips into recession, slump set to worsen as pandemic wreaks havoc

The world’s third-largest economy shrank for second consecutive quarter in three months to March, intensifying challenge for policymakers

18 May 2020 8:42 AM

International Energy Agency sees record 2020 oil demand fall due to coronavirus. ()

Corona effect: Record fall in global oil demand

Measures taken to bolster the global economy and to reduce oil supply should allow a "gradual" recovery

15 Apr 2020 4:38 PM

Defence minister Nirmala Sitharaman. (Photo: PTI)

Growth slow, but no recession yet, says Nirmala Sitharaman

BJP’s Sudhanshu Trivedi said the fears expressed by the Opposition were driven more by anti-Modi sentiments than facts.

28 Nov 2019 2:13 AM

'Economic growth may have slowed but there is no recession, there can be no recession,' Sitharman said. (Photo: ANI)

'No threat of recession in India': Fin Min Sitharaman in Rajya Sabha

Sitharman was replying to a discussion on the economic situation in the country in Rajya Sabha.

27 Nov 2019 6:55 PM

A still from the show, The Ranch, which showcases how people deal with job loss.

Pink-slip blues?

According to recent reports, the country is facing one of the worst phases of recessions in the past decade.

20 Sep 2019 11:33 PM

The market reaction suggested a recession might be on the horizon and led Trump to delay some of the tariffs that were slated to begin in September, though 25 per cent tariffs are already in place for USD 250 million in other Chinese goods. (Photo : File / AFP)

Trump says on trade policies with China may hurt US' economic policies but it will be beneficial long term

Trump termed the idea of recession as 'irrelevant' and said it was imperative to 'take China on.'

21 Aug 2019 11:31 AM

Trump on Sunday pushed back against talk of a looming recession after a raft of US data reports last week gave a mixed outlook for the economy. (Photo: File)

White House considering cutting tax to avoid recession: report

Also under consideration is reversing new tariffs the Trump administration imposed on Chinese goods.

20 Aug 2019 1:43 PM

NABE conducted its policy poll as President Donald Trump put the Fed under constant attack, demanding more stimulus, but before the central bank cut the benchmark lending rate on July 31. (Photo: File)

US economists expect recession in 2020 or 2021, reveals survey

More economists shifted their recession prediction to 2021, narrowing gap from prior report, which had many more expecting change next year.

19 Aug 2019 12:27 PM

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Shobhaa De

recession